The latest Financial Action Task Force (FATF) update underscores a rapidly shifting global landscape for anti money laundering, counter terrorist financing, and counter proliferation finance compliance. FinCEN has urged financial institutions to reassess their risk exposure in light of FATF’s revised lists, with particular emphasis on continued countermeasures against Iran and the DPRK. The October FATF plenary removed Burkina Faso, Mozambique, Nigeria, and South Africa from

The guilty plea of Mississippi businessman Willie De Gibbs highlights yet another major fraud operation exploiting weaknesses in Medicare oversight and the wider US health care reimbursement system. Gibbs admitted to orchestrating a $19 million scheme centred on the purchase of fraudulent doctors’ orders and the systematic billing of medically unnecessary orthotic braces through seven durable medical equipment (DME) companies. By operating through both personally owned entiti

The indictment of South Florida Congresswoman Sheila Cherfilus McCormick presents a significant financial crime case involving the alleged theft of $5 million in FEMA disaster relief funds. Prosecutors claim the congresswoman and several co defendants engaged in a multi layered scheme involving fraud, money laundering, and illegal campaign contributions, all linked to Covid 19 emergency funding. The allegations highlight the ongoing risks of financial crime within public sect

The return of alleged drug trafficker Zhi Dong Zhang to the United States marks a significant escalation in the Justice Department’s global campaign against high level narcotics syndicates and transnational money laundering networks. Zhang, widely known by multiple aliases including Brother Wang, is accused of directing a sprawling criminal enterprise responsible for moving large volumes of cocaine, methamphetamine, and fentanyl across Mexico and the United States while laund

Four California residents have been sentenced for orchestrating an extensive hospice fraud and money laundering operation that extracted nearly $16 million from Medicare. The case highlights the continuing threat of organised health care fraud in the United States and reinforces the Justice Department’s commitment to pursuing those who exploit vulnerable patients and critical public health programmes. On 18 November 2025, the Justice Department confirmed the most recent sente

The latest announcement from the Justice Department marks a significant escalation in US efforts to dismantle North Korea’s illicit global revenue networks. With five guilty pleas secured and over 15 million dollars in virtual currency subject to civil forfeiture, the Department has underscored both the scale and sophistication of the Democratic People’s Republic of Korea’s (DPRK) exploitation of remote IT work and cryptocurrency theft to finance its weapons programmes in def

The sentencing of Travis Ford, founder and chief executive of Wolf Capital Crypto Trading LLC, underscores the persistent risks posed by high-yield cryptocurrency investment schemes and the growing determination of U S authorities to clamp down on digital-asset fraud. Ford was handed a five-year prison term on 13 November 2025 after admitting to orchestrating a Ponzi-style operation that raised 9.4 million dollars from around 2,800 investors, many of whom were lured by claims

The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has taken decisive action to disrupt the financial flows supporting the Sinaloa Cartel by identifying transactions involving ten Mexico-based gambling establishments as being of primary money laundering concern. Published on 13 November 2025, the finding and accompanying Notice of Proposed Rulemaking (NPRM) represents a significant escalation in efforts to sever criminal organisations’ access to

The United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a new Financial Trend Analysis (FTA) revealing around 9 billion dollars in potential Iranian shadow banking activity that passed through US correspondent accounts in 2024. The findings, based on reports from US financial institutions, underscore the scale and sophistication of Tehran’s global sanctions evasion operations. According to FinCEN, Iran’s shadow banking network

The Financial Conduct Authority (FCA) has banned and fined financial advisor Neil Sedgwick Dwane £100,281 for insider dealing, following misconduct that breached market integrity and professional trust. In 2022, Mr Dwane, acting as an advisor for ITM Power Plc (ITM), had access to confidential market-sensitive information concerning an upcoming company announcement scheduled for 27 October. The announcement triggered a 37% drop in ITM’s share price. The day before the announc

A Financial Conduct Authority (FCA) survey has found that two-thirds of corporate finance firms not currently required to submit financial crime returns may be falling short of their obligations under the Money Laundering Regulations, raising concerns about weak oversight and inconsistent compliance practices. Corporate finance firms play a critical role in supporting the growth and success of the UK economy by helping businesses secure investment and lending. However, the FC

The Financial Conduct Authority (FCA) has called on banks and payment firms to strengthen their defences against romance scam fraud after uncovering serious shortcomings in how the sector identifies and prevents this growing form of financial crime. Despite positive examples of firms intervening effectively, the regulator found repeated instances where opportunities to stop fraud were missed, leaving victims facing devastating losses. Romance fraud cost victims £106 million i